I am interested in buying a '90 928 gt in great condition. Doesn't need to be 100% original, this is for regular use and not for restoration project. Would also consider any perfect '87- 928's with 5-speed manual transmission. Low miles a plus for '89- models.

All I am seeing in the market is either problem cars or good cars with IMO unrealistic price tags. I am looking for a good or a great car with a realistic asking price, not at a firesale price, just realistic.

 

What do you define as a "realistic" price for a "90 928GT in great condition?" (assume it has 50K miles on it)

Your definition will likely determine the outcome of your search.

 

It totally depends on the car.

I think this car, far from perfect, was realistically priced at $14k as of last October:
https://rennlist.com/forums/928-foru...1-90gt-fs.html
Of course, the economy has gone down further down the tubes since then.

With 50k miles and totally original, a perfect concourse condition '90 gt was sold on ebay for maybe $23k (I don't recall the exact number) at the turn of the year. This car was 100% in original, the nicest car available I've seen. Since it sold for that price, that's in my opinion the market price.

I think this is the realistic range for '90 gt. $14k for a well running, nice, modified, high-miles car. $23k for concourse condition, low miles, 100% orginal, no visible wear anywhere car. I didn't have a certainty about my finances, so I didn't bid/buy either one of these cars. I think both were fairly priced, and today I would probably bid for one of them.

If my price ranges are off, please let me know. As I said, I am looking to pay year-2009 fair market price, not looking to steal anybody's car. But I am tired of looking at cars with price tags that only make sense in the potential seller's fantasy world.

 

Sounds like you're in the ballpark, IMHO. That said, a perfect 90GT can bring mid to upper 20's, and a perfect 87 can still bring high teens to low 20's. Obviously it depends on the motivations of buyer and seller. If you're patient, I suspect you'll find a deal to your liking. Good luck in your search.

 

I know a guy who is building them from scratch with good s4 bodies and oem later style drivetrains (dual disc still though- on most) He's getting at least $10k for them. You might be better off buying a nice 85 or 86 with a 5 speed.... They're reasonable and offer all the performance you need for the street (IMO). If you want to talk to the guy, send me a PM and I'll hook you up. Might take a couple months to deliver, but he's quality all the way.

 

Ideally, I would buy a car that is well sorted out and close to, but not perfectly, stock. I don't think I need to go with conversions etc.

100k miles automatics are being handed out for free in Michigan, but I want a 5-speed car.

'87 and up have knock sensors, which I want. '89 and up have the electronic odometer, instead of the mechanical ones that always break, so low miles actually mean something for those cars. GTS has the nicest body, but the shorter-stroke 5.0 is more to my liking and the GTS prices are too high in the US.

"All the performance you need for the street"

What planet are you from? More is never enough and too much is just right! ;-)

 

I'm still seeing sorted GT's with low mileage going for high 20's but you may get lucky and find a nice one for less. Typically the cars that go for less need some type of major work (A/C, Timing Belt etc.) which explains the lower price.

Do you have a link to the GT which sold for $23k?

 

Alright, You're right there... I find myself wanting more power on the street sometimes.... Thing is, whenever I indulge and build a hot rod, I get a major speeding ticket and almost lose my license. That's the real reason for the comment FYI. More power on the street and me are not a good match, usually.... Maybe after I'm 50 I'll slow down some?

 

I know of a ~30k-mile 90GT in MA that is in very good condition. The owner has been considering selling it. He will want a "concours" price for it. If you are interested PM me.

 

Here's the car:

http://cgi.ebay.com/ebaymotors/ws/eB...3297&viewitem=

Winning bid: US $23,251.00

This is the nicest gt that I've seen. I wish I had had the money at that point.

Sorted GT's with low miles are being offered for high $20k's, but I don't know any that have been actually selling for those prices. Concourse cars are actually sold for low to mid $20k's and regular very good condition cars would go for high teens. It's just that the market is illiquid and many potential gt sellers are living in a fantasy world anchored on some all-time-high numbers from the boom years.

The auto prices have adjusted. Very, very nice 100k mile cars are being offered with BIN prices of $8500k, many from Michigan. There are so many auto cars in the market that the price discovery works and one could actually buy an auto car at a fair market price.

 

I know of at least two transactions north of $26K, with both buyers and sellers involved on this list and both within the past year or so. I'll let them be the ones to identify themselves if they desire.

You're right about it being an illiquid market, and as I mentioned previously the motivation of buyer and seller is the critical factor. Sometimes when you find what you want, you simply have to pay the man.

I might add that prices haven't fallen off the cliff for the nicer cars, in fact I believe they've been fairly steady in recent years. For example, I paid $27.5K for my previous 90GT in 1998 with 64K miles and sold it in 2000 for $25K with 80K miles. It was a very nice car and consistent with what you are seeking. Not much depreciation over the past 9 years.

 

Yes, I think an original 928 in a great condition is not huge depreciation black hole in the long run. However, old car prices overall took a nosedive with the stock market, real estate market, job market, gdp, etc. in Q4 of 2008. So summer '08 prices are probably history. It'll be interesting to see where the market settles.

Again, I am not looking to get a steal but I will not overpay either.

 

That's a nice looking GT, no doubt about it. I'm not sure I would consider 80K miles low but the condition speaks for itself.

I've also seen the 30K mile GT that worf928 mentioned and it is very nice. I know the owner will want more than what you consider to be the going price but if you want a really nice GT with low miles you won't be disappointed.

PS: I spent high 20's on my GT earlier in 2008 and honestly would not consider selling it for less then $33K if I wanted to sell it. I have seen many 928's for sale and I can say without a doubt that really nice ones are hard to find and when they do come up there are usually multiple buyers lined up to get them.

 

PS, where in MA do you live? If you need assistance finding a nice car or looking at something locally definitely let me know. I'm not well versed on the mechanicals but I can look over the cosmetics with a fine tooth comb. PM me if you prefer.

 

i assume youve seen this car?

http://cgi.ebay.com/ebaymotors/ws/eB...#ht_500wt_1459

The BIN is OPTIMISTIC, but it seems to match your mileage goals.

I think the GT Todd was selling was really nice, had a full leather dash and pod (factory) but i think the color hurt it. I PERSONALLY WOULD NEVER BUY A RED 928. So i dont care what they cost, i would never buy one for myself, but i guess there are colors like that for everyone, just gotta find the RIGHT buyer.